Denver residential real estate sets another record with the average sale price of a single-family home in June to $424,609 which was a 0.94 increase according to a housing report from Denver Metro Association of Realtors. The median sale price for June came in at $362,000 which was a 0.84 increase. There were 6,197 active listings in June, up 10% from previous month but down 20% from the previous year. The report included 11 Denver-area counties: Arapahoe, Boulder, Clear Creek, Denver, Adams, Broomfield, Gilpin, Jefferson, Douglas, and Park counties.
Irvine, California-based CoreLogic just released its annual home price appreciation report this Tuesday 7-7-15, showing that home prices in Colorado had increased 9.8% year-over-year in May which was the second highest rate of appreciation in the country. South Carolian had the highest home appreciation in the country with 10.3% year-over-year.
For the Denver metro area, home prices in May were up 11.2% over previous year according to CoreLogic. In addition, sales on newly built homes during the first 5 months of 2015 were up 23% from previous year. Denver is now the 21st most populous city in the United States and as of July 1st, 2014, the City & County of Denver had an estimated 663,862 residents, up from 648,401 in mid-2013 and 600,025 in the last official census year of 2010.